What is Lybra Finance (LBR)?
Lybra Finance is a DeFi protocol that aims to make cryptocurrency more stable. It uses Liquid Staking Derivatives and supports Lido Finance-issued ETH proof-of-stake and stETH. The protocol's goal is to offer a decentralized stablecoin called eUSD, which provides interest to its token holders. Users can deposit ETH and stETH to mint or borrow eUSD.
How Lybra Finance (LBR) Works
Lybra Finance allows users to borrow eUSD using their ETH as collateral and earn a steady income without any borrowing costs or interest charges. The protocol automatically converts any ETH deposits to stETH. The user's collateral rate should be above the safe collateral rate, which is 160%. The minimum collateral rate is 150%, and users are encouraged to maintain a collateral rate higher than 200%. Users can redeem their eUSD for ETH at any time without limitations, but a 0.5% rigid redemption fee is charged on the redeemed amount. Borrowers whose collateral rate falls below 150% will be liquidated, and their debt will be reduced.
How Many Lybra Finance (LBR) Tokens Are in Circulation?
LBR is the native governance token of the protocol. LBR has a total supply of 100,000,000 and the amount in circulation is 6,969,897.
How to Buy Lybra Finance (LBR)
Consider investing in Lybra Finance (LBR)? It only takes 2 minutes to create an account on Bitget and start trading LBR.
Check out the available LBR trading pairs on Bitget!
Spot market
Lybra Finance (LBR) Resources
Simple 3-step guide to buying LBR today in Canada
Create your free Bitget account
Select a funding method
Complete your Lybra Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Lybra Finance using a payment method of your choice:
Buy Lybra Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Lybra Finance order.
How to buy crypto with credit/debit cardBuy Lybra Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Lybra Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Lybra Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Lybra Finance order.Buy Lybra Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Lybra Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Lybra Finance in your Bitget spot wallet
Bitget—where the world trades Lybra Finance
How to buy Lybra Finance for free
- Learn how to earn Lybra Finance for free through the Learn2Earn promotion
- Earn free Lybra Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Lybra Finance airdrops by joining ongoing challenges and promotions
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FAQ
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